North American spot gas prices lost another 20-40 cents Thursday in their lengthy price slide this week as mild weather and packed storage fields provided the market with no place to put gas supply. Prices in every region, including the Rockies, fell substantially as the Nymex gas and crude oil futures screens took an early beating, leaving cash traders no reason to push spot prices higher.
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The Natural Gas Supply Association (NGSA) shuffled its executive organization last week, yet its hunt for a new president continues. The NGSA said it still does not have a timeline for an appointment to the presidency post, but it hopes to get the job filled quickly. Sources indicated, however, the search may take longer than initially anticipated.
The Natural Gas Supply Association (NGSA) shuffled its executiveorganization Tuesday, yet its hunt for a new president continues.The NGSA said it still does not have a timeline for an appointmentto the presidency post, but it hopes to get the job filled quickly.
Even with massive amounts of offshore gas remaining off-lineMonday, the gas markets for both late September and October bidweekchose to pay more attention to bearish fundamentals elsewhere.Except for rises of a nickel or more for deliveries in theNortheast market area, which depends mainly on Gulf Coast supplies,incremental September numbers were falling by a dime or more atmost points.
Gas pipeline industry lobbyists are missing out on an excellentopportunity in the power generation market to promote greaterexpansion of the pipeline network, says Commissioner Brent Alderferof the Colorado Public Utlities Commission. And the power industryas well is overlooking the importance of gas pipelines indistributed generation in creating greater power reliability.
The U.S. Environmental Protection Agency has found some missingelements in the draft environmental impact statement (DEIS)prepared by the Federal Energy Regulatory Commission on theAlliance Pipeline project which is in competition with Voyaguer tocarry western Canadian supplies to the Chicago area.